News
External Cyber Attacks Cost More, but Employees Produce Biggest Number of Claims
The cyber insurance losses costing the most are coming from external attacks on companies. But employees are generating the most number of claims as they make mistakes and face technical problems, ...
Allstate Only Hires Banks for Bond Sale Owned by Minorities, Women or Veterans
Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed only by diverse firms. The insurer enlisted Loop Capital Markets, ...
Zurich Insurance Reportedly in Advanced Talks to Buy MetLife U.S. P/C Unit
Switzerland's Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc's U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people ...
Financial Lobbyists Begin Feeling Out Biden Transition Team
Financial lobbyists, kept at arm's length by Joe Biden's campaign, have begun engaging with the Democratic president-elect's transition team on issues including economic stimulus, pandemic aid ...
Fast Action and Comas: Talking Points At Pandemic Backstop Hearing
Can insurers help "bend pandemic risk curves" for future events? Or is the goal of any government-insurance industry partnership program simply to replace some of the economic losses of businesses, ...
Americans More Likely to Buy Travel Insurance: Study
Despite the pandemic risk, the majority of Americans are still planning to travel during the 2020 holiday season. However, many say they are going to hedge their bets from now on by purchasing travel ...
Flyreel Raises $10M for AI Underwriting and Claims Technology
Flyreel, an artificial intelligence startup focused on claims technology for residential and commercial property insurers, raised $10 million in Series A financing from investors including Guidewire ...
Board Appointments at Markel and The Hanover
Markel Corp. appointed a new board member. The Hanover accelerated appointment of a new board chair to accommodate its transition plan. *** Markel Corp. appointed Mark Besca to its board of ...